This article examines the current impasse of inflation and extortionate prices of goods and services in the country.\nThis article revealed that although the general impression given by suppliers of goods and services for the monumental\nincrease in their prices is the current economic downturn in the country, this is actually a ruse. It is our contention in\nthis paper that these businessmen have taken advantage of the prevailing situation to engage in product hoarding and\nextortionate pricing all in a bid to maximize profits and pass the buck to hapless consumers of their goods and services.\nIt is the view of this author that in this extreme scenario, government intervention in the area of fair, reasonable and\nappropriate pricing of goods and services is imperative.
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